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Bitcoin ($BTC ) is not just a digital currency; it is a digital golden asset that has been leading the crypto market since its inception!

With a limited supply (only 21 million) and interest from large institutions, BTC is always the safe haven for investors during market fluctuations.

💡 Why invest in Bitcoin?

• It is considered digital gold and maintains its value.

• It has the highest liquidity among all digital currencies.

• Significant institutional and banking demand.

Technical Analysis and Potential Trends

• Some analyses indicate that Bitcoin has slightly rebounded after breaking a bullish trend line, and it closed below the 50-day exponential moving average at $114,910, which is a negative signal. However, it could rebound to a new resistance level around $116,000 if it recovers.

• On-chain data shows that Bitcoin has declined about 7% from its all-time high of ~ $124,128, and it may retest a support level at $110,000.

Bitcoin Trading Plan ($BTC )

• Entry price: between $113,000 – $114,000 (a suitable buying area after the current decline).

• Targets (TP):

◦ 🎯 Target 1: $116,000

◦ 🎯 Target 2: $119,500

◦ 🎯 Target 3: $124,000 (previous peak).

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• Stop Loss (SL): at $109,000 (below the strong support level).